Skip to main content

If I want to rely on the alimony or child support that I or my co-signer receive in my application for a student loan, does a creditor have to consider that income?

Yes, if the payments are likely to be consistently made. 

A creditor can consider the amount of such income and likelihood that it will continue, as with all other forms of income. In determining this, a creditor may consider factors such as whether there is a written agreement or court decree, how long and how regularly you or your co-signer have been receiving payments, and the creditworthiness of the payor when that information is available. 

Was this answer helpful to you?

Please do not share any personally identifiable information (PII), including, but not limited to: your name, address, phone number, email address, Social Security number, account information, or any other information of a sensitive nature.